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Production Function

Quiz by Nandini Duggal

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14 questions
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  • Q1
    Per unit production of the variable factor is called
    none of these
    marginal product
    average product
    total product
    30s
  • Q2
    In the context of long run production function, factor ratio is
    constant
    variable as well as constant
    variable
    none of these
    30s
  • Q3
    Production capacity remains same in
    short run
    long run
    none of these
    medium run
    30s
  • Q4
    What is the shape of marginal product curve?
    Inverse s shaped
    Inverse U shaped
    upward sloping
    U shaped
    30s
  • Q5
    When total product is maximum then marginal product is ______.
    also maximum
    negative
    zero
    positive
    30s
  • Q6
    Which of the following is not a reason for operation of increasing returns to factor?
    Indivisibility of fixed factor
    Limitation of fixed factor
    Increase in efficiency of variable factor
    Better utilization of fixed factor
    30s
  • Q7
    Which one of the following leads to the law of variable proportions?
    Some factors are constant
    Specialization of factors
    All factors are variable
    Some factors are more efficient than others
    30s
  • Q8
    The second phase of Law of variable proportions is exhibited by the following total product sequence
    40, 80, 120, 160
    40, 80, 110, 120
    40,40,40,40
    40, 100, 170, 250
    30s
  • Q9
    Average product cannot be negative because:
    Both a and b
    Neither a nor b
    Total product can never be negative
    Total product can never be zero
    30s
  • Q10

    From the table, find out marginal product at 6 units of labour. (Write the number only)

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    30s
  • Q11

    From the table, find out the average product at 8 units of labour. (Write the number only)

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    30s
  • Q12

    From the table, identify the three stages of law of variable proportions. (Write the units of labour till the first stage, second stage, third stage)

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    30s
  • Q13

    When average product is maximum, marginal product is ___________  average product.

    Greater than

    Less than

    Equal to

    30s
  • Q14

    Total Product increases only when Marginal Product increases.

    false
    true
    True or False
    30s

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